If a company takes funds from it's pension fund for operating purposes it is in violation of what regulation?

Q: The Employee Retirement Income Security Act (ERISA) requires that companies fund defined-benefit…

A: The post-retirement benefits will be benefits, other than annuity disseminations, paid to…

Q: In the world of pension accounting, how does a "asset gain or loss" develop? In the world of pension…

A: The answer

Q: Which of the following would not be reported on a plan's statement of fiduciary net position? A.)…

A: Lets understand the basics. Statement of fiducary net position is similar like a statement of…

Q: How important is the actuaries role is in pension accounting?

A: Pension accounting is a critical area of financial reporting for pension plans. The role of the…

Q: What benefits accrue to companies who elect to use pension funds? How does the use of a pension fund…

A: A Pension plan is a type of retirement plan that requires an employer to contribute to a pool of…

Q: Which of the following is not a liability? a) Amounts owed to shareholders as capital b)…

A: Amount owed to shareholders is not a liability. We recognise liability in the balance sheet if there…

Q: Explain how cash-basis accounting for pension plans differsfrom accrual-basis accounting for pension…

A: Under cash basis of accounting pension cost are recognised on the basis of cash paid by the employer…

Q: What is the purpose of the following control procedures (i.e., what threats is it designed to…

A: • The purpose of giving checks for the paychecks is used to detect the fraudulent employee in an…

Q: What does the “pension asset” represent? Are you interviewing with a company whose pension plan is…

A: Pension Obligation: It refers to the commitment provided by the employer to pay its employees, the…

Q: A pension plan is underfunded when the employer’s obligation (PBO) exceeds the resources available…

A: Projected benefit obligation (PBO): This is the estimated present value of future retirement…

Q: Describe what factors contribute to the pension benefit obligation. Discuss the effect of the…

A: A projected benefit obligation (PBO) is an actuarial calculation of how much money a firm will…

Q: What factors determine whether a pension plan is adequately capitalized or excessively capitalized?

A: A pension plan functions as a savings system for the retirement. If individual is employed, both…

Q: What is an actuary? What is the actuary’s role in pension administration

A: Actuaries are highly experienced specialists who handle issues such as determining premium pricing…

Q: How do U.S. GAAP and IFRS differ with regard to reporting gains and losses from changing assumptions…

A: Definition: Pension plan: It refers to a plan that is formulated to provide earnings to the…

Q: What determines whether a pension plan is underfunded or overfunded?

A: An overfunded pension plan is a plan which possess more assets as compared to the liabilities. An…

Q: a "asset gain or loss" in the context of pension accounting? What is the development of a "liability…

A: Plan assets: Assets are created, maintained and planned in a specific purpose. The contribution of…

Q: What is the difference between a private pension fund and a public pension fund and What is the main…

A: Private pensions are a kind of pension that can set up to save retirement money. Their worth…

Q: What method should be used to account for profits or losses associated with pension plan assets?…

A: The Answer